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Previous: OMI TRUST 2000 A, 8-K, 2000-07-21 |
Next: IASIAWORKS INC, S-1/A, 2000-07-21 |
<TABLE>
<CAPTION>
<S> <C>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT Page 1 of 6
REPORTING MONTH: Jun-00
Scheduled Principal Balance of Contracts
----------------------------------------------------------------------------------------------------
Beginning Ending Scheduled
Principal Scheduled Prepaid Liquidated Contracts Principal Gross Servicing
Balance Principal Principal Principal Repurchased Balance Interest Fee
----------------------------------------------------------------------------------------------------------------------------------
320,037,228.91 (300,007.08) (1,605,260.73) (43,219.95) 0.00 318,088,741.15 2,683,107.80 266,697.69
==================================================================================================================================
Scheduled Amount
Pass Thru Liquidation Reserve Available for Limited Total
Interest Proceeds Fund Draw Distribution Guarantee Distribution
---------------------------------------------------------------------------------------
2,416,410.11 22,758.77 0.00 4,611,134.38 0.00 4,611,134.38
=======================================================================================
Certificate Account
---------------------------------------------------------------------------------------------------------------------------------
Beginning Deposits Investment Ending
Balance Principal Interest Distributions Interest Balance
---------------------------------------------------------------------------------------------------------------------------------
2,651,141.15 1,933,524.78 2,550,793.16 (5,601,355.32) 8,182.43 1,542,286.20
=================================================================================================================================
P&I Advances at Distribution Date
-----------------------------------------------------------------------------
Beginning Recovered Current Ending
Balance Advances Advances Balance
-----------------------------------------------------------------------------
1,333,740.90 -1,292,173.46 1,303,052.55 1,344,619.99
=============================================================================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT Page 2 of 6
REPORTING MONTH: June-00
<TABLE>
<CAPTION>
Class B Crossover Test Test Met?
------------------------------------------------------------------------ ---------------
<S> <C>
(a) Remittance date on or after October 2004 N
(b) Average 60 day Delinquency rate <= 5.5% Y
(d) Cumulative losses do not exceed the following
percent of the intitial principal balance of all Certificates
Oct. 2004 - Mar. 2006 7% N
April 2006 - Mar. 2007 8% N
April 2007 - Sept. 2008 9.5% N
Oct. 2008 and After 10.5% N
(e) Current realized loss ratio <= 3.00% Y
(f) Does subordinated cert. percentage equal or
exceed 41.618%
of stated scheduled pool balance
Beginning M balances 32,844,000.00
Beginning B balances 32,023,000.00
Overcollateralization 11,495,849.57
--------------------
76,362,849.57
Divided by beginning pool
balance 320,037,228.91
--------------------
23.861% N
====================
</TABLE>
<TABLE>
<CAPTION>
Average 60 day delinquency ratio:
<S> <C> <C> <C>
Over 60s Pool Balance %
------------------------------------------------------------
Current Mo 4,112,142.61 318,088,741.15 1.29%
1st Preceding Mo 2,207,090.39 320,037,228.91 0.69%
2nd Preceding Mo 979,221.82 322,919,398.73 0.30%
Divided by 3
------------------
0.76%
==================
Cumulative loss ratio:
Cumulative losses 20,461.18
-----------------------
Divided by Initial Certificate Principal 328,440,849.57 0.006%
==================
Current realized loss ratio:
Liquidation Pool
Losses Balance
------------------------------------------
Current Mo 20,461.18 320,037,228.91
1st Preceding Mo 0.00 322,919,398.73
2nd Preceding Mo 0.00 325,360,029.94
------------------------------------------
20,461.18 322,772,219.19
0.025%
==================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT Page 3 of 6
REPORTING MONTH: Jun-00
<TABLE>
<CAPTION>
Delinquency Analysis
31 to 59 days 60 to 89 days 90 days and Over
No. of Principal Principal Principal Principal
Loans Balance # Balance # Balance # Balance
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 6,380 316,943,552.86 140 5,037,195.41 71 2,771,700.58 26 1,340,442.03
Repos 31 1,145,188.29 1 68,762.53 10 378,452.59 20 697,973.17
--------------------------------------------------------------------------------------------------------------------
Total 6,411 318,088,741.15 141 5,105,957.94 81 3,150,153.17 46 2,038,415.20
====================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Delinquency Analysis Repossession Analysis
Active Repos Reversal Current Month
Total Delinq. Outstanding (Redemption) Repos
Principal Principal Principal Principal
# Balance # Balance # Balance # Balance
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Excluding Repos 237 9,149,338.02 31 1,145,188.29 0 0.00 14 508,008.33
Repos 31 1,145,188.29
----------------------------------
Total 268 10,294,526.31
==================================
</TABLE>
<TABLE>
<CAPTION>
Cumulative Repos
Principal
# Balance
---------------------------------
<S> <C> <C>
Excluding Repos 32 1,179,290.07
Repos
Total
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT
REPORTING MONTH: Jun-00 Page 4 of 6
REPOSSESSION LIQUIDATION REPORT
<TABLE>
<CAPTION>
Liquidated
Account Customer Principal Sales Insur. Total Repossession
Number Name Balance Proceeds Refunds Proceeds Expenses
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2134971 JAIME A HARRIS 33,549.72 31,400.00 510.40 31,910.40 6,617.00
2133189 WINONA B BRANSON 9,670.23 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00
------------------------------------------------------------------------------------
43,219.95 31,400.00 510.40 31,910.40 6,617.00
====================================================================================
</TABLE>
<TABLE>
<CAPTION>
Liquidated
Liquidation Unrecov. FHA Insurance Pass Thru Period Net Cumulative
Proceeds Advances Coverage Proceeds Gain/(Loss) Gain/(Loss)
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
25,293.40 1,557.63 0.00 23,735.77 (9,813.95)
0.00 977.00 0.00 (977.00) (10,647.23)
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00
-------------------------------------------------------------------------------------------------
25,293.40 2,534.63 0.00 22,758.77 (20,461.18) (20,461.18)
===================================================================================================================
</TABLE>
*Loan 2133189 is a charge off
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT
REPORTING MONTH: Jun-00 Page 5 of 6
CERTIFICATE PRINCIPAL ANALYSIS
PRINCIPAL
<TABLE>
<CAPTION>
Beginning Beginning
Senior Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 65,000,000.00 55,201,139.71 0.00 1,948,487.76
A-2 23,000,000.00 23,000,000.00 0.00 0.00
A-3 14,000,000.00 14,000,000.00 0.00 0.00
A-4 25,000,000.00 25,000,000.00 0.00 0.00
A-5 125,078,000.00 125,078,000.00 0.00 0.00
----------------------------------------------------------------------------------------
Total Certificate Principal Bal. 252,078,000.00 242,279,139.71 0.00 1,948,487.76
========================================================================================
</TABLE>
<TABLE>
<CAPTION>
Accelerated
Ending Principal Principal Ending
Senior Current Shortfall Carry- Distribution Certificate
Certificates Principal Paid Over Amount Balance
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 1,948,487.76 0.00 246,544.78 53,006,107.17
A-2 0.00 0.00 0.00 23,000,000.00
A-3 0.00 0.00 0.00 14,000,000.00
A-4 0.00 0.00 0.00 25,000,000.00
A-5 0.00 0.00 0.00 125,078,000.00
-------------------------------------------------------------------------------------
Total Certificate Principal Bal. 1,948,487.76 0.00 246,544.78 240,084,107.17
=====================================================================================
</TABLE>
<TABLE>
<CAPTION>
Principal Paid
Senior Per $1,000
Certificates Pool Factor Denomination
---------------------------------------
<S> <C> <C>
A-1 81.54786% 33.76973
A-2 100.00000% 0.00000
A-3 100.00000% 0.00000
A-4 100.00000% 0.00000
A-5 100.00000% 0.00000
Total Certificate Principal Bal.
</TABLE>
<TABLE>
<CAPTION>
Beginning Beginning
Subordinate Original Certificate Certificate Principal Shortfall Current Principal
Certificates Balance Balance Carry-Over Due
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
M-1 20,527,000.00 20,527,000.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 12,317,000.00 12,317,000.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 13,138,000.00 13,138,000.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 18,885,000.00 18,885,000.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 11,495,849.57 12,891,089.20
-----------------------------------------------------------------------------------
Total Excluding Writedown Balances 76,362,849.57 77,758,089.20 0.00 0.00
===================================================================================
All Certificates Excluding Writedown Balances 328,440,849.57 320,037,228.91 0.00 1,948,487.76
===================================================================================
</TABLE>
<TABLE>
<CAPTION>
Accelerated
Ending Principal Current Principal
Subordinate Current Shortfall Carry- Writedown/ Distribution
Certificates Principal Paid Over (Writeup) Amount
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
M-1 0.00 0.00 0.00
M-1 Outstanding Writedown 0.00
M-2 0.00 0.00 0.00
M-2 Outstanding Writedown 0.00
B-1 0.00 0.00 0.00
B-1 Outstanding Writedown 0.00
B-2 0.00 0.00 0.00
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance (246,544.78)
-----------------------------------------------------------------------------------
Total Excluding Writedown Balances 0.00 0.00 0.00 (246,544.78)
===================================================================================
All Certificates Excluding Writedown Balances 1,948,487.76 0.00 0.00 0.00
===================================================================================
</TABLE>
<TABLE>
<CAPTION>
Ending Principal Paid
Subordinate Certificate Per $1,000
Certificates Balance Pool Factor Denomination
-------------------------
<S> <C> <C> <C>
M-1 20,527,000.00 100.00000% 0.00000
M-1 Outstanding Writedown 0.00
M-2 12,317,000.00 100.00000% 0.00000
M-2 Outstanding Writedown 0.00
B-1 13,138,000.00 100.00000% 0.00000
B-1 Outstanding Writedown 0.00
B-2 18,885,000.00 100.00000% 0.00000
B-2 Outstanding Writedown 0.00
Excess Asset Principal Balance 13,137,633.98
-----------------------------------------------------------
Total Excluding Writedown Balances 78,004,633.98
======================
All Certificates Excluding Writedown Balances 318,088,741.15
======================
</TABLE>
<PAGE>
OAKWOOD MORTGAGE INVESTORS, INC. 2000-A REPORT DATE: 7/10/00
OAKWOOD ACCEPTANCE CORP. - SERVICER POOL REPORT # 4
REMITTANCE REPORT
REPORTING MO. MONTH Jun-00 Page 6 of 6
CERTIFICATE INTEREST ANALYSIS
<TABLE>
<CAPTION>
Current
Pass Beginning Carry- Carry-Over Ending
Senior Through Over Priority Current Priority Priority Interest Carry-Over
Certificates Rate Interest Balance Interest Accrual Accrual Paid Balance
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 6.8013% 0.00 312,863.96 0.00 312,863.96 0.00
A-2 7.7650% 0.00 148,829.17 0.00 148,829.17 0.00
A-3 7.9450% 0.00 92,691.67 0.00 92,691.67 0.00
A-4 8.1500% 0.00 169,791.67 0.00 169,791.67 0.00
A-5 8.1600% 0.00 850,530.40 0.00 850,530.40 0.00
---------------------------------------------------------------------------------------------
Total 0.00 1,574,706.87 0.00 1,574,706.87 0.00
=============================================================================================
</TABLE>
<TABLE>
<CAPTION>
Interest
Paid Per
Senior 1000 Total Class
Certificates Denomination Distribution
---------------------------------------------------
<S> <C> <C>
A-1 4.81329 2,507,896.50
A-2 6.47083 148,829.17
A-3 6.62083 92,691.67
A-4 6.79167 169,791.67
A-5 6.80000 850,530.40
----------------------
Total 3,769,739.41
======================
</TABLE>
<TABLE>
<CAPTION>
Current Ending
Pass Beginning Carry- Carry-Over Carry-Over
Subordinate Through Over Priority Current Priority Priority Interest Priority Interest Priority Interest
Certificates Rate Interest Balance Interest Accured Accured Paid Balance
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M-1 8.3000% 0.00 141,978.42 0.00 141,978.42 0.00
M-2 8.2500% 0.00 84,679.38 0.00 84,679.38 0.00
B-1 8.2500% 0.00 90,323.75 0.00 90,323.75 0.00
B-2 8.0000% 0.00 125,900.00 0.00 125,900.00 0.00
X 1,395,239.63 398,821.69 0.00 131,815.73 1,662,245.59
R 0.00 0.00 0.00 0.00 0.00
Service Fee 1.0000% 0.00 266,697.69 0.00 266,697.69 0.00
----------------------------------------------------------------------------------------------------
Total 1,395,239.63 1,108,400.93 0.00 841,394.97 1,662,245.59
====================================================================================================
All Certificates 1,395,239.63 2,683,107.80 0.00 2,416,101.84 1,662,245.59
====================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Beginning Current Ending Interest
Carry-Over Current Carry-Over Carry-Over Paid Per
Subordinate Writedown Writedown Writedown Writedown Writedown 1000
Certificates Int. Balance Int. Accrued Int. Accrued Interest Paid Int. Balance Denomination
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M-1 0.00 0.00 0.00 0.00 0.00 6.91667
M-2 0.00 0.00 0.00 0.00 0.00 6.87500
B-1 0.00 0.00 0.00 0.00 0.00 6.87500
B-2 0.00 0.00 0.00 0.00 0.00 6.66667
X
R
Service Fee
--------------------------------------------------------------------------------
Total 0.00 0.00 0.00 0.00 0.00
================================================================================
All Certificates 0.00 0.00 0.00 0.00 0.00
================================================================================
</TABLE>
<TABLE>
<CAPTION>
Subordinate Total Class
Certificates Distribution
-------------------------
<S> <C>
M-1 141,978.42
M-2 84,679.38
B-1 90,323.75
B-2 125,900.00
X 131,815.73
R 0.00
Service Fee 266,697.69
--------------------
Total 841,394.97
====================
All Certificates 4,611,134.38
====================
Cumulative X Interest Shortfall 1,662,245.59
Cumulative Accelerated Prin. Disb. (1,641,784.41)
--------------------
20,461.18
====================
</TABLE>
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